Today October 25th in the English language and for its shareholders, CXB decided to play dumb:
Calibre is proactively reviewing the recent sanctions and has reached out to the United States Treasury Department to ensure its full compliance with these provisions. Calibre reaffirms its commitment to continue complying with all relevant international laws and restrictions.
The Company will provide a market update once it has additional information, following discussions with its advisors and the United States Treasury Department.
But away from the eyes of its English language audience CXB is already backpedalling hard, as seen in Nicaragua’s Gazette, the official legal publication of its government. In today’s edition, October 25th, we read that CXB has suddenly and inexplicably desisted from pursuing three concession claim applications. For out of nowhere, CXB today dropped its concession application on the 34,000 hectares of the Kakau project area, the 50,000 hectares of the Yalam project and the 41,000 hectares of the Tangni project. That’s a lot of land to suddenly drop, guys.
CXB will now make itself out an innocent corporate victim, caught in the political crossfire. What CXB will not do is advertise how they’ve worked hand-in-glove with the Ortega regime to push through its Pavon project against the will of local communities, as the resulting protests, violence, gaggings and arbitrary jailings of protest leaders on jumped-up charges has become a prime example of how this authoritarian regime works and a direct cause of human rights violations. In fact, Pavon is the poster child of how morally bankrupted Canadian mining companies are willing to say and do anything to remain in the good graces of a dictatorship as long as there’s a bit of money to be made.